Double Award Win For Ecology Building Society
Ecology has been recognised twice in the prestigious Finance for the Future awards, founded by the Institute for Chartered Accountants of England and Wales (ICAEW) and the Prince’s Accounting for Sustainability Project (A4S). These awards aim to highlight the role of finance in helping to embed sustainability issues in business decision making.
We won the Building Sustainable Financial products award, which recognises organisations that have developed financial products or services that are aimed at driving sustainable outcomes and is open to any organisation in the world that provides lending insurance or investment products. Ecology was also recognised for our climate leadership.
The global awards were presented by Channel 4’s, Krishnan Guru-Murthy, at an event in the City of London. Jessica Fries, Executive Chairman at A4S, commented, “With finalists from around the world, the Finance for the Future Awards show examples of leadership and innovation from all sections of the finance and accounting community, urgently needed to transition to a sustainable economy.”
The judges said that they were impressed with the overall goal of Ecology in funding the improvement of the existing UK housing stock and highlighted our C-Change mortgages which incentivise energy efficiency through mortgage pricing. They also recognised our mutual ownership model and the role of our members in driving our principles as well as our wider influence ‘in a much greater way than [our] balance sheet size would suggest’.
Following receipt of the awards, Chief Executive, Paul Ellis explained, “On behalf of the Ecology team I am proud and honoured that our longstanding commitment to sustainability and ecological lending has been recognised by the Finance for the Future awards’ judges. Against the backdrop of the climate crisis, our success shows that the time is now for a financial system that benefits people and planet.”
The Ecology team with the other Finance for the Future award winners from around the world and host, Krishnan Guru-Murthy
Published: 16 October 2019
Author: Jennifer Whiteside